Cotton Fades Early Gains for Monday Losses at the Close

Group 1 - Cotton futures experienced a decline, closing 20 to 25 points lower after failing to maintain overnight gains [1] - Crude oil futures decreased by $1.23 per barrel, settling at $58.85, while the US dollar index rose by $0.107 to reach 99.075 [1] - Export sales data indicated that 292,146 RB of cotton were sold in the week of November 6, marking a marketing year high and a 27.55% increase compared to the same week last year [1] Group 2 - The online auction on December 5 resulted in the sale of 3,670 bales at an average price of 62.51 cents per pound [2] - The Cotlook A Index fell by 50 points to 74.20 cents on Thursday [2] - ICE certified cotton stocks decreased by 1,614 bales, with the current certified stocks level at 13,971 bales [2] Group 3 - The Adjusted World Price was updated to 51.28 cents per pound, reflecting an increase of 51 points from the previous week [2] - March 26 cotton closed at 63.68 cents, down 25 points; May 26 cotton closed at 64.76 cents, down 24 points; July 26 cotton closed at 65.8 cents, down 23 points [2]